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we are two big decisions away from the meltdown in the american economy. with a 10-year time frame, cuts in spending and investment, we need to do all three. we need to tax, cut come and invest in the sources of our strength. i think that would have a huge effect. americans feel like children of two permanently divorcing parents and it has been a call on the country. if we got a grand bargain on an ash -- and a jury, how do deal with this in a safe and sustainable way? -- agreed on a grand bargain on an energy, how do we deal with it? maybe this applies to american politics, but all the important politics happen the morning after the morning after. >> when is that? >> i do not know and make no predictions, but if romney gets smashed, i happen to think the political problem in the country today is we have a center left party and a far-right party. that is a short show party -- a structural problem. the republican party has gone nuts. that is my opinion. they have been simultaneously at war with math and physics at the same time. [laughter] on the deficit it
we are two big decisions away from the meltdown in the american economy. with a 10-year time frame, cuts in spending and investment, we need to do all three. we need to tax, cut come and invest in the sources of our strength. i think that would have a huge effect. americans feel like children of two permanently divorcing parents and it has been a call on the country. if we got a grand bargain on an ash -- and a jury, how do deal with this in a safe and sustainable way? -- agreed on a grand...
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Oct 2, 2012
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it extends -- we have a weak economy. what does it do? it extends the bush tax cuts and it lets the tax cuts for lower income working families expire. why would you let those that to, that ishave the highest pae buck to expire? but fundamentally, there is another issue here. as i have said, you do not go off a cliff into recession on january 2. but if you default, the hour -- a the reality is, if you were terrified about the economy there would have been a one-year extension of the debt limit the debt limit was a neck -- a mechanism to drive all spending cuts with no revenue increases. now that the issue was on the other foot there was an extension. there is a lack of parallelism where you approach the income tax cuts were there is a slow. >> diane, does there have to be this parallelism? >> i think there is a mixed in the 10-year window. obviously my favor a revenue heavy approach. that is not a secret. at 91% of the one-year fiscal cliff is revenue increases. the spending cuts are a small fraction of the size of the one- year cliff. i t
it extends -- we have a weak economy. what does it do? it extends the bush tax cuts and it lets the tax cuts for lower income working families expire. why would you let those that to, that ishave the highest pae buck to expire? but fundamentally, there is another issue here. as i have said, you do not go off a cliff into recession on january 2. but if you default, the hour -- a the reality is, if you were terrified about the economy there would have been a one-year extension of the debt limit...
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Oct 2, 2012
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in the economy. i never met the poorest performer, either. it is about presenting -- the poorest farmer, either. let me talk about mistakes. i have made mistakes. before i got elected, i said my daughters are available on national tv. that was a pretty big mistake. i am still paying for that one. the difference between i make a mistake, i corrected. i immediately corrected. professor warren, when she made a mistake and misled the voters of massachusetts, it is not that she did not hear the question. this went on for five weeks of the media asking her specifically how they came to know that she was a native american. >> he always ask you professor warren. you think he is trying to cast you as an elitist professor in the eyes of the voters? does that bother you? >> it does not bother me. i worked very hard for this and it does not bother me. >> the boston globe reported she is proud of being a professor. whenever i see my professors from school, i say hello professor so-and-so. she has earned the title
in the economy. i never met the poorest performer, either. it is about presenting -- the poorest farmer, either. let me talk about mistakes. i have made mistakes. before i got elected, i said my daughters are available on national tv. that was a pretty big mistake. i am still paying for that one. the difference between i make a mistake, i corrected. i immediately corrected. professor warren, when she made a mistake and misled the voters of massachusetts, it is not that she did not hear the...